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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Companies urged to embed ESG into everyday practices

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As South African companies face increasing pressure to demonstrate responsible sourcing, reduce carbon intensity and ensure greater transparency across their operations and supplier networks, companies are urged to embed environmental, social and governance (ESG) practices in their everyday operations. Facilitated by Genesis shared value and impact practice principal Mark Robertson, panellists participating in Creamer Media’s ESG webinar, held on June 17, explored how businesses are integrating ESG considerations into procurement, production and operational systems, as well as turning sustainability ambitions into measurable action.

R12m grant supports RTE international-NTCSA grid-resilience cooperation

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Agence française de développement (AFD) has approved a €650 000 (about R12-million) grant to facilitate a two-year technical cooperation programme between RTE international and the National Transmission Company South Africa (NTCSA). This collaboration between the French and South African electricity transmission operators has been formalised through a memorandum of understanding involving Eskom, RTE international, AFD, and NTCSA, signed on the sidelines of the Africa Energy Forum in Cape Town.

Tau, parliamentary committee welcome Tongaat agreement, liquidation withdrawal

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Trade, Industry and Competition Minister Parks Tau has welcomed the withdrawal of the liquidation proceedings of sugar milling company Tongaat Hulett and praises stakeholders who worked to secure a viable path forward for one of South Africa's most important agro-industrial companies. Tongaat Hulett is a strategic asset within South Africa's agricultural and manufacturing sectors. Its operations support thousands of direct and indirect jobs and underpin the economic wellbeing of communities across KwaZulu-Natal and other parts of Southern Africa.

BluAdvance expands access to essential services through multi-sector partner ecosystem

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Electricity advance platform BluAdvance is expanding access to its platform solution through a growing network of partners, including telecommunications providers, retail distribution networks, utilities and related service providers, with further integration planned across additional service channels. The expansion will enable a growing base of consumers to access short-term essential services advances quickly, seamlessly and responsibly through a platform powered by behavioural data, transaction intelligence and ecosystem integration.

Investment vehicle Zafiri launches with $176m to support African distributed renewables firms

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A new investment vehicle dedicated to deploying long-term equity into distributed renewable energy businesses across sub-Saharan Africa has been launched with initial committed capital of $176-million. Known as Zafiri, the blended-finance vehicle is a flagship programme under the broader Mission 300 initiative, which has been created with the objective of expanding electricity access to 300-million people in the region by 2030.
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